Individual Retirement Account (IRA)
An account that allows you to accumulate funds for retirement. Choose between a Traditional IRA, which allows tax-deductible contributions or a Roth IRA, which allows tax-free earnings in the future.
Features:
Traditional and Roth IRA
Option 1: Fixed Rate
- Rate at opening remains in effect for full term of account.
- Minimum deposit - $500
- 3, 6, 9, 12, 24, 30, and 36-month terms
- Rate may vary on a monthly basis depending on market conditions.
- Account terms are 18 months with minimum opening deposit of $100.
Benefits:
- Deposits may be made via payroll deduction to build up to the full year contribution. 18-month variable only.
- Members can rollover IRA from another institution, providing that it is done within 60 days of the date that they received the funds.
To open an account, just stop by any of our branches or call 212-693-4900.
